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- uncle gromit replied Jan 9, 2011
chf/jpy stop lowered to 86.85 aud/cad stop lowered to 0.9920 eur/gbp stop lowered to 0.8375 usd/jpy sell stop @ 82.80 stop @ 83.70
A contrarian view
- uncle gromit replied Jan 8, 2011
Hi Dan, I whole heartedly agree with your risk mantra
Of course you should comment. After all its your thread. The rules and criteria that you set out for trades are the building blocks of a successful system that you are sharing. Perhaps ...DanUK's Advanced Trend Trading Strategy
- uncle gromit replied Jan 6, 2011
Dan Not sure why you thought short into the 0.8500 level might be dangerous. Its been used and abused to often in recent times. Just MHO. Regards Paul
DanUK's Advanced Trend Trading Strategy
- uncle gromit replied Jan 6, 2011
Dan The one with the arrow !!! Trigger bar was the break of the IB/OB combination. As to being against trend, was that not a retest of the underside of a previously broken TL ? At what point does a TL become invalid ? Regards Paul
DanUK's Advanced Trend Trading Strategy
- uncle gromit replied Jan 6, 2011
aud/cad stop lowered to 0.9970 eur/gbp stop lowered to 0.8460 nzd/usd stop lowered to 0.7680
A contrarian view
- uncle gromit replied Jan 6, 2011
aud/cad — After much watching I managed to get short. Not a perfect entry. That would have been a 50% retrace of the daily PB. How does this fit with Dan's checklist? Probably 2 and 5. Key resistance level ie. prior swing high, and trigger bar ...
DanUK's Advanced Trend Trading Strategy
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A contrarian view
Started Jan 5, 2011|Trading Journals|58 replies
Welcome to my journal. This will be a simple record of my trading. I only view the daily TF ...
- uncle gromit replied Jan 4, 2011
Think this probably fits Dan's criteria. 50% retrace and bearish engulfing bar.
DanUK's Advanced Trend Trading Strategy
- uncle gromit replied Dec 23, 2010
aud/cad update — Fast forward 4 days and we find ourselves here. Now is this:- A) A false break from an inside bar into a double top ? B) Profit taking before another assault on new highs ? C) End of year book squaring ? D) All of them. ...
DanUK's Advanced Trend Trading Strategy
- uncle gromit replied Dec 22, 2010
Hi Maveri4k, In one of Dan's early posts he stated his way of marking s/r was by picking levels and rounding up or down to 00 levels. This will sometimes cut through bodies of some candles and touch wicks of others. IMHO this is prob the way many ...
DanUK's Advanced Trend Trading Strategy
- uncle gromit replied Dec 22, 2010
EJ — Short on the break of inside bar. B/E level @ 108.50 support.
DanUK's Advanced Trend Trading Strategy
- uncle gromit replied Dec 20, 2010
Good evening Neo, I know how you feel. Looks inviting doesn't it? Thing is I've just covered my 2 short positions on the bounce off that weekly tl. I'm only looking to the downside personally. I expect the tl to break soon. Regards Paul
DanUK's Advanced Trend Trading Strategy
- uncle gromit replied Dec 18, 2010
Aud/Cad — Sitting on my hands with this one. Break of trendline and retest from underside. However price is now range bound within the last 2 legs of a clearly defined ABC correction. No follow through either on the bearish bar from Wed. Still ...
DanUK's Advanced Trend Trading Strategy
- uncle gromit replied Dec 17, 2010
nzd/usd — Hi Paul, To me this looks like a short. I tend to gauge the trend on the daily chart and the flow at present is down. The breaking of the daily trendline would suggest to me that lower prices are ahead. Just my humble opinion... I ...
DanUK's Advanced Trend Trading Strategy
- uncle gromit replied Dec 16, 2010
NZD/USD — Hi one and all. Thought I'd offer this to the thread. Hope this fits with Dans criteria. Shorter term trend line clearly broken. Longer term still valid. Sitting on key 0.7400 level. Resistance turned into support. Regards Paul
DanUK's Advanced Trend Trading Strategy
- uncle gromit replied Dec 9, 2010
Took the short as per my last post. Closed for +100 when price stalled on the 4h. Looking to re enter on any weakness.
NZD/USD